The Ziener family, which owns the German producer of gloves by the same name, has sold a 34.5 percent share of the company to an institutional investor. Sport-Fachhandel, the German trade publication, reports that the new partner is Hannover Finanz Gruppe, a private equity company that has 44 companies in its portfolio. One of them is Runners Point, the German specialty retailer of athletic footwear and apparel, which the German investment company has controlled since 2005, apparently with good results. Another new minority shareholder of Ziener is Frank Burig, the company's longtime sales and marketing director. In 2011, the total turnover of Ziener was around €37 million.

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